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Sonic R. System

  • #80,561
  • Apr 14, 2015 5:44pm Apr 14, 2015 5:44pm
I want to give thanks to the master's Sonic and Tah for this great system.
Tah you really teached me how the market really works, it's a big honor that you are part of this thread.
I read the history of this system archive everyday all day and it's so fun to read your(tah) posts.
also big thanks to all who is part of this system- Demarko and MisterG and some more for yours beautiful clean trades.

BTW, the dollar index really had a reversal as my thought:

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have a great day

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  • #80,562
  • Apr 14, 2015 5:58pm Apr 14, 2015 5:58pm
Quoting qFish
{quote} Today was a good day for me . Most outstanding trades closed. Here's my progress since NFP (+5570.2 Pips Closed, -353.4 Pips Open): {image} {image} {image} {image}
I am wondering What to learn form your traiding style. if you could help me, thanks in advance.
  • #80,563
  • Apr 14, 2015 9:56pm Apr 14, 2015 9:56pm
Quoting Archer14
{quote} I am wondering What to learn form your traiding style. if you could help me, thanks in advance.
My trading style is very simple actually. Using the H4 dragon, buy if above, sell if below. Take profit is 10 pips (with 10 pips eps spacing) no matter what (don't be greedy, greed is what increases your risk exposure). This eps size and spacing method allows for an profit exit at about 50% retrace for trades with high DD. This is our edge, since it's the best Fibonacci retrace to use without implementing martingale strategies. Add if you are wrong and keep adding until the price comes back, using the S/R of H4 or daily for support. Eventually, you will come to a trade that breaks a major trendline on the daily or H4, which warns you of the runaway trade. At this point, you must really focus and decide to take the loss or wait for the re-test to get out. More likely than not, price will come back and you are fine. The problem is your patience and proper money management. Here's an example:

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So, by now you will more than likely know, that control of DD and margin is key, since you will experience it guaranteed, it's just the nature of this style. You will wait a lot, so stay away from the charts. H4 charts move slow, so looking at it a lot will drive you crazy. Cycles normally last about 1 week for trades with high DD (2-3 days for DD and 1-2 days to realize the TP). Also try to close out all trades at least one day before big events (like NFP). You may even want to take the small losses to stay out of the trade.

Now for pairs. You want to trade the lowest margin cost pairs (this gives you more scouts, aka wiggle room), and ideally have uncorrelated pairs (or at the very least hedging pairs). I trade NU, AU, UJ, and UC. This is diversification and used to spread your risk. This allows you to still take small profit trades with the trend while the other is in drawdown. This is my solution to the USA traders cannot hedge problem. At some point, your trades will be riding on nothing but profit, in which case the DD is much more manageable. As your trades progress, it'll become easier and easier to manage due to the bigger wiggle room from your profits. At some point, you will then increase your scout size to compound (but don't be greedy ). Use a scout size in which you can manage maximum drawdown for all pairs that you trade. For what it's worth, I am actually aiming for 10% profit a month, which may give you an idea how small I'm actually trading.

I can probably keep going but I'll stop here. I think you get the idea. Biggest enemy is yourself, and your trading psychology.

Hope this helps.
insanity: Doing the same thing over... and expecting different results -AE
  • #80,564
  • Apr 14, 2015 11:05pm Apr 14, 2015 11:05pm
Classic SonicR + TA
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  • #80,565
  • Apr 15, 2015 12:07am Apr 15, 2015 12:07am
Inverted H&S in the making? The price is just below the whole number.. and the selling volume is dropping..

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PVSRA
  • #80,566
  • Apr 15, 2015 12:33am Apr 15, 2015 12:33am
Opened 1 pos., Will add, if the Dragon and the Trend confirms...

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SL is below previous H4 bottom candles,
TP green line..
PVSRA
  • #80,567
  • Apr 15, 2015 1:31am Apr 15, 2015 1:31am
Looking at AUDJPY its looking ripe for a classic short.... dragon down, trend down, LO coming and previous stop hunt up

Placed scout already waiting until LO for classic entry

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  • #80,568
  • Apr 15, 2015 1:39am Apr 15, 2015 1:39am
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Fexi,

be carefull,
M5 is pointing up and H1 made a HL..

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Quoting fexitrade
Looking at AUDJPY its looking ripe for a classic short.... dragon down, trend down, LO coming and previous stop hunt up Placed scout already waiting until LO for classic entry {image}
Sorry 2nd was wrong, 1st is H1 AUDJPY
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PVSRA
  • #80,569
  • Apr 15, 2015 1:47am Apr 15, 2015 1:47am
Quoting qFish
{quote} My trading style is very simple actually. Using the H4 dragon, buy if above, sell if below. Take profit is 10 pips (with 10 pips eps spacing) no matter what (don't be greedy, greed is what increases your risk exposure). This eps size and spacing method allows for an profit exit at about 50% retrace for trades with high DD. This is our edge, since it's the best Fibonacci retrace to use without implementing martingale strategies. Add if you are wrong and keep adding until the price comes back, using the S/R of H4 or daily for support. Eventually,...
This is insane! In the good meaning of the word! Seems I have to try your strategy as I shorted EURJPY and it went against me yesterday. Lets test my patience.

Regards
FN

edit: it was a classic entry with a dragon backtest, but Japan talked down their currency

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Stay green! FN
  • #80,570
  • Apr 15, 2015 2:05am Apr 15, 2015 2:05am
Quoting Fisher755
{image}Fexi, be carefull, M5 is pointing up and H1 made a HL.. {image}{quote} Sorry 2nd was wrong, 1st is H1 AUDJPY {image}
thanks for the input... the HL might not have created a fractal yet imho and the m5 doesnt way as heavy as the m15 - the higher the tf the more important.

Theres also so selling around the tops if you check out m5

Either way lets see how I goes I have placed my classic on now again thanks for the input
  • #80,571
  • Apr 15, 2015 2:52am Apr 15, 2015 2:52am
Quoting fexitrade
{quote} thanks for the input... the HL might not have created a fractal yet imho and the m5 doesnt way as heavy as the m15 - the higher the tf the more important. Theres also so selling around the tops if you check out m5 Either way lets see how I goes I have placed my classic on now again thanks for the input
I Will wait until after the ECB today, just to see how MM's Will move it..
PVSRA
  • #80,572
  • Edited 10:57am Apr 15, 2015 3:23am | Edited 10:57am
EURUSD : short trade added
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  • #80,573
  • Apr 15, 2015 3:32am Apr 15, 2015 3:32am
Just a quick scalp on EURUSD after trend and dragon were squeezed. After such a squeeze next target for a short could be DS1 or even RDL. Closed prematurely , no time to monitor the trade.
+219 pips
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G.
Man lie, woman lie, numbers don't
  • #80,574
  • Apr 15, 2015 4:05am Apr 15, 2015 4:05am
I got rid of my yesterday trades in overall green. Was really "funny" to ride the wave. But this time I was able to control my emotions.

Still need to learn: let the trades run if they turn green. I closed these because prices reached half numbers, the drop in the last 2 hours was too big (~ 100 pips) and high impact news coming today. I might kick myself if EJ or NJ sinks further but I am not confident that it wont go up again to hunt shorts.

Keep green fellows!
FN

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Stay green! FN
  • #80,575
  • Edited 10:58am Apr 15, 2015 5:30am | Edited 10:58am
Quoting Alexan4es
EURUSD : short trade added {image}
EURUSD : Cut red
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  • #80,576
  • Edited 10:58am Apr 15, 2015 5:59am | Edited 10:58am
EURUSD : Short trade added
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  • #80,577
  • Apr 15, 2015 6:07am Apr 15, 2015 6:07am
Quoting Alexan4es
EURUSD : Short trade added {image}
Check the calendar buddy, I wouldnt touch anything today.
Stay green! FN
  • #80,578
  • Apr 15, 2015 6:14am Apr 15, 2015 6:14am
Quoting forexn00b
I got rid of my yesterday trades in overall green. Was really "funny" to ride the wave. But this time I was able to control my emotions. Still need to learn: let the trades run if they turn green. I closed these because prices reached half numbers, the drop in the last 2 hours was too big (~ 100 pips) and high impact news coming today. I might kick myself if EJ or NJ sinks further but I am not confident that it wont go up again to hunt shorts. Keep green fellows! FN {image} {image} {image}
Nice. Patience pays. Staying away from greed will also keep you out of trouble. Nothing wrong with taking profit while it's there. You can also use SL to lock in profits if you really want to let the green ride. But you know how SL are .
insanity: Doing the same thing over... and expecting different results -AE
  • #80,579
  • Apr 15, 2015 6:39am Apr 15, 2015 6:39am
Quoting qFish
{quote} Nice. Patience pays. Staying away from greed will also keep you out of trouble. Nothing wrong with taking profit while it's there. You can also use SL to lock in profits if you really want to let the green ride. But you know how SL are .
Thank you! Still lot to learn tho.

Prepare your popcorn, news time!
Stay green! FN
  • #80,580
  • Apr 15, 2015 6:50am Apr 15, 2015 6:50am
Quoting masterix
{quote} What kind of fibo indicator you have on the chart showing numbered levels?
Added Feature

The previous day spread is measured and Fibonacci values applied to it, as well as applied for moves beyond, above and below. Unlike Day and Fibonacci pivots, this is the application of Fibonacci numbers to the simple spread of the previous day. It is quite effective in that the market seems to heed these levels even more than pivots. At least that is what I am seeing so far.

I have added this feature to the Access Panel for the next release.

-tah
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